Principal Income is
.
Rate of interest
.
Time period is
years.
Find the total amount when compounded daily by using the compound interest formula:
\
.
For daily compounded
.
Substitute all the values in the equation.
\



A = $ 789.24
\Therefore,the total amount after two years compounded daily with interest of
is
.
The total amount after two years compounded daily with interest of
is
.